Flipping out of state....
Good afternoon-
Do any SoCal investors here have flips that they do out of state or has anyone done any?
How do you manage those if you have?
Most Popular Reply
Out of state flips are very risky. You must develop a trustworthy team and then visit the properties even if they are a distance away. If you can invest in a location where you have friends or family who can be your eyes and ears on the ground you are more likely to have a positive outcome. It is important that you control your funds and do not let he contractor get out ahead of you or you will be left with a overpriced unfinished rehab to salvage.